5 ms·
> Most of your statement is incorrect and lacks insight and facts. You expertly avoid all arguments except that Solana uses proof of stake. Who cares. Prox's p
by dvt 5y ago
> Most of your statement is incorrect and lacks insight and facts.
You expertly avoid all arguments except that Solana uses proof of stake. Who cares. Prox's point still stands: folks will continue to use blockchain-powered "pseudo-currencies" for illegal drugs, murder-for-hire, money laundering, ransomware, and speculation. No one's buying groceries with BTC.
- haswell 5y agoReplace ‘blockchain-powered “pseudo-currencies”’ with “cash”, and the same is true. Better outlaw cash. This thread is not about BTC…
- crummy 5y agoIsn't that why we don't have $10,000 notes? Or even $500? To make illegal activity more difficult?
- dvt 5y ago> Replace ‘blockchain-powered “pseudo-currencies”’ with “cash”, and the same is true. Better outlaw cash. You can't be serious. Ad hoc cash transfers are regulated (can't bring more than $10k across borders without declaring, for example), supply is limited, and bills have literal serial numbers on them.
- haswell 5y agoCrypto is a relatively new technology. Illegal money is as old as civilization. Yes, there are regulations to make it harder to carry out elicit business, but that doesn’t change history, nor does it invalidate the point I was trying to make.
- xvector 5y agoAnd yet a ton of illegal activity is performed with cash. On one hand, some cryptos (not Solana) are useful for illegal activities. On another, they’re also useful for privacy, censorship resistance, and financial freedom. It’s no different than the argument against E2EE, but I’d rather live in a society with E2EE than without.
- kgraves 5y agoWe have Paypal / Bank Transfers to send money quickly, BTC is a slower way of sending money. What is your point?
- api 5y agoMy favorite Bitcoin joke: "so it's full of fraud, scams, Ponzi schemes, money laundering, and is heavily used to buy drugs and contraband... so this means it's a real currency now?"
- GoodJokes 5y agoFolks will also continue government issued currency for illegal activities too. In fact, if we look at capitalism at large, most currency use is unethical.
- miohtama 5y ago> avoid Because I am typing on a mobile. Happy to answer later if you are genuinely curious and not just ranting.
- baby 5y agoLike real money, it can be used for fraud and for legitimate usecases. Your generalization made up from thin air brings nothing to the conversation.
- raziel2701 5y agoSo then what's the point of this thing then? All these crypto things reek of ponzi schemes and I have yet to see an application of it that makes me think the technology is good/needed. So far, crypto is a solution looking for a problem.
- baby 5y agoYou’re entitled to your opinion. But the rest of the world doesn’t care about it. People use something because it is useful for them.
- raziel2701 5y agoWay to not answer the question.
- baby 5y agoWhat’s the point of money? Really?
- kgraves 5y agoHow can you create a coin, get investors into a private token sale (or even allocating pre-mined coins), hype the trojan horse onto the public to get them involved, then getting the coin on main exchanges and then investors dumping the coin causing it to be worthless. All this being unregulated by the way. This happens all the time with these projects most recently ICP (Internet Computer) and just one of the reasons why this is all a complete scam. There is a name for this type of rinse and repeated scheme. There is no reason why this can also happen to Solana, rendering cryptocurrencies even more worthless than real money.